OBADO BRIEF ON PRIVATIZATION KISUMU MEETING DRAFT-One pager(1).doc - BRIEF OF THE TECHNICAL LEVEL CONSULTATIVE MEETING ON PRIVATIZATION OF PUBLIC OWNED

OBADO BRIEF ON PRIVATIZATION KISUMU MEETING DRAFT-One pager(1).doc

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BRIEF OF THE TECHNICAL LEVEL CONSULTATIVE MEETING ON PRIVATIZATION OF PUBLIC OWNED SUGAR COMPANIES HELD ON 4 TH JANUARY ,2018 AT KISUMU . The technical level meeting was a follow up of the high level meeting held in Kisumu in December 2017.The objective of the meeting was to collate the views Counties and other stakeholders to inform the privatization process. Key issues that emanated from the consultative forum included; land issues, Shareholding, County issues, debt write offs, policy and legal issues. Recommendations 1. Land Issues : The meeting agreed that land issues affecting the sugar factories and nucleus be handled on a case by case basis and should not derail the privatization process 2. Shareholding: National Assembly 2015 approved shareholding proposed the following allotment of shares (51%-Strategic Investor, 25%-Government and 24%-Farmers. The meeting however proposed the following shareholding (51%-Strategic Investor,30%-Farmers,5%- Employees and 14%-Government).The meeting further recommended
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  • Fall '16
  • Farah Nabilla

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